Passbook Savings Account

A savings account with a passbook

Our Passbook Savings Account is our Adults Savings Account with the addition of a passbook. Savings with a passbook means that you can keep a physical record of all your transactions in one place making it easy to manage your savings.

Saving the traditional way

Everyone is saving for a different reason. This is why our savings account has been designed to be flexible to meet every individual's saving needs. Whether you're wanting to build up your savings regularly or deposit a lump sum of money, saving for a rainy day or for something special, know that we will take good care of your money while you are reaching your saving goals.

Saving with Ethics

Do you ever wonder where does your money get invested? When you save with us, you know that your money is being put to hard work in our local community and is only ever invested locally.

HAVE A CHAT WITH US

Got a question? Get in touch, we will be happy to help.

Eligibility

To be eligible to open this account:

  • You must be 16 years old or older
  • You must live and/or work in the DL, DH, HG, NE, SR, TS, or YO postcode area

Key features of the Passbook Savings Account:

Minimum Balance £5 - £30,000
Ways to Save
  • Deposit cash or cheques at our main office or your local collection point
  • Standing orders
  • Electronic transfers
Instant Access Withdraw your savings at our main office via cash, cheque or electronic transfer
Dividend Dependent on whether we make a surplus, we offer members a return on their savings in the form of a dividend. This is agreed by our members at the Annual General Meeting.
Online Access View your balance online and request for transfers to be made
Paper Statements Paper statements are available on request
Your money is safe with us All deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS)

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